Colombia Constitutional Court Leaves Wealth Tax Intact (1)

Colombia’s constitutional court said Wednesday it couldn’t rule on an appeal presented against the country’s wealth tax, in a win for the government as it struggles to staunch a rising deficit.

Introduced as part of the 2022 tax reform, Colombia’s wealth tax applies to those with assets over 72,000 UVT ($805,000). Rates are between 0.5% and 1.5%. From 2027, the top rate ...